Pan-European property investor Kajima has acquired a 31,000 square feet office development in London’s West End as part of a value-add strategy in the UK capital.
Kajima has invested an undisclosed sum to acquire the asset at 27 Soho Square from Federated Hermes. Fineman Ross acted on behalf of the buyer and Harris Associates on behalf of the seller.
The recently refurbished seven-storey building, currently let to five tenants, was originally constructed in 1985.
Kajima said the acquisition forms part of its strategy to identify commercial value-add opportunities in central London, “which exhibit the potential to provide prime office workspace with high sustainability criteria that meet modern occupiers’ growing demands”.
Source: realassets.ipe.com on the 12th of June 2023
https://realassets.ipe.com/news/kajima-expands-london-office-portfolio-with-27-soho-square-asset/10067142.article